Paymentus Holdings, Inc. (NYSE:PAY – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.31.
Several equities analysts have recently weighed in on the company. StockNews.com upgraded Paymentus from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Canaccord Genuity Group upgraded Paymentus to a “strong-buy” rating in a research note on Monday, July 8th. Robert W. Baird upped their price objective on Paymentus from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Baird R W upgraded Paymentus from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group upped their price objective on Paymentus from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Friday, August 9th.
Hedge Funds Weigh In On Paymentus
Paymentus Stock Up 3.5 %
Shares of PAY stock opened at $25.25 on Friday. The stock has a 50-day moving average price of $22.19 and a 200 day moving average price of $20.57. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 109.78 and a beta of 1.46. Paymentus has a 12 month low of $14.17 and a 12 month high of $27.06.
Paymentus (NYSE:PAY – Get Free Report) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $197.42 million during the quarter, compared to analyst estimates of $180.57 million. Paymentus had a return on equity of 9.33% and a net margin of 4.63%. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. Sell-side analysts predict that Paymentus will post 0.32 earnings per share for the current fiscal year.
Paymentus Company Profile
Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform.
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